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Oracle Corporation Message Board

  • coughingredink coughingredink Apr 10, 2013 11:11 AM Flag

    Obama's limiting of retirement accounts is just another socialist ow to unions

    Where do you think he came up with the 3 mil figure!

    Go to actuarial tables for, say, a Ca. Fireman, a Naperville school teacher, and look at the "lifetime" expected draw against their defined benefits pension program. Their relatively low-to-no risk program comes in at about $3.9 million, but Obama wants real savers , taking tons of risk, to be limited to a number less than that.

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